RESTRUCTURING

12 Months Ended

Dec. 31, 2020

Restructuring and Related Activities [Abstract]

There were no restructuring charges for the year ended December 31, 2020. In the third and fourth quarters of 2018 and the first quarter of 2019, the Company incurred restructuring charges of $5.8 million, $2.1 million, and $1.6 million, respectively. The charges were in connection with a previously announced reduction in force to the Company's workforce of approximately 7% of total staffing, as well as other employee benefit and technology related initiatives. The restructuring was intended to improve the Company's operating efficiency and enhance earnings.

The following table presents a summary of the restructuring activity for the years ended December 31, 2020, 2019, and 2018.


	Severance Charges		Other Associated Costs		Total
	(In thousands)




Accrued charges at December 31, 2017	337		—		337
Costs incurred	5,457		2,371		7,828
Costs paid	(1,898)		(1,582)		(3,480)
Accrued charges at December 31, 2018	$	3,896	$	789	$	4,685
Costs incurred	1,646		—		1,646
Costs paid	(5,016)		—		(5,016)
Accrued charges at December 31, 2019	$	526	$	789	$	1,315
Costs incurred	—		—		—
Costs paid	(526)		—		(526)
Accrued charges at December 31, 2020	$	—	$	789	$	789